Five Dragons normally sit on the investment panel in the British version of Dragon's Den. The five seats allow several investors to question a pitch and make separate offers, although individual episodes can feature changes or guest appearances.
Each Dragon brings a different business background and investment style. Entrepreneurs must explain what their company sells, how much revenue it makes, how much money they want and what percentage of the business they are offering. The panel's reactions can range from competing offers to a unanimous decision not to invest.
The number is easy to confuse with other versions of the format, which may use different panel sizes or rotating investors. It is also possible for a special episode or scheduling change to make the on-screen line-up look different. “Five” describes the standard British panel arrangement rather than the number of Dragons who have appeared across the show's entire history.